Can i transfer some ISA money to open new ISA.

A question about : Can i transfer some ISA money to open new ISA.

I have used up my cash ISA allowance this tax year.
I want to open a new cash ISA elswhere where i can put in a smallish amount.
As its a transfer, does it not count as new money in a new isa? and when the new tax year starts i am looking at a Stocks and share isa with the old ISA money, and just keeping the smallish transfered money in the new cash ISA.
Does that sound ok.

Best answers:

• Sounds OK to me.
• If you've used up your allowance then you can't put any more money into an ISA until after April. Transfer or not, you cannot add more money.
• Jim, you left the t off can't